Henry
Schelle, better known to all
his friends at McCormick as “Pop”, has the honor of being the first
employee to
receive payment on the McCormick Retirement Pension Plan introduced
last year.
The
Retirement Pension Plan
provides for a regular monthly income for veteran employees of
McCormick &
Company who wish to retire upon reaching the age of 65, and provides an
income
every month based on length of service with the company and earnings
during
that time.
The
plan is devised as a means of
providing security to faithful Mc men and women who have served with
the
company locally over a period of years and who deserve, in the opinion
of the
Multiple Management Board, every consideration for their comfort and
security
after retirement age.
The
payments are made entirely by
the company to the Retirement Pension Fund.
The monthly benefits to “Pop” Schelle and any
others who may take
advantage of the Retirement Pension Plan in subsequent years, are in
addition
to the monthly payments from the government from Social Security Old
Age
Benefit provisions.
“Pop”
was a packer in the Stock
Room. He first
began work for McCormick
& Company way back in October 1906.
He is now 70 years young.
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